XCF Global entered into a Senior Secured Promissory Note and Security Agreement with Brown Stone Capital to obtain a $1,000,000 short-term loan carrying a 25% original issue discount, yielding $750,000 in proceeds. The note bears 10% annual interest, matures in 60 days, allows prepayment without penalty, and requires mandatory prepayments from revenue collections and certain asset sales. The loan is secured by a first-priority lien on XCF Global's assets (excluding subsidiaries). The company also issued a 500,000-share commitment fee and reserved 5,000,000 shares as potential default shares.
Agreement details:
- Agreement type: Senior secured promissory note and security agreement (25% OID)
- Counterparty: Brown Stone Capital
- Signed / Effective: Jul 01 2026 / same
- Duration / Termination: 2 months
- Reason: Provide short-term liquidity for operations
Original SEC Filing:
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